Author: FX
Manufacturing hit its strongest reading since May 2022 at 54.0. Services surpassed expectations at 54.5 versus 53.7. In both cases, employment is contracting while prices continue to run hot. Here’s why the latest ISM PMI surveys could make the Fed’s policy headache get worse. What Are PMIs Anyway? The Purchasing Managers’ Index (PMI) is a composite reading based on a monthly survey of business managers asking a simple question: Is business getting better or worse than last month? The dividing line is 50. Above it means expansion. Below it means contraction. The further from 50, the stronger the signal. Two…
USD/JPY is knocking on a VERY important technical resistance zone! Will the pair draw enough bearish attention to turn lower again? Source link
Friday’s U.S. NFP report could make or break dollar momentum as traders watch for fresh labor market cracks. Source link
On early Thursday, a report from The Economic Times (ET) has shown that the Indian government plans to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), in an attempt to improve the inflow of foreign funds into the economy.Additional announcementsCabinet meet on Wednesday approved the scrapping of capital gains tax on foreign portfolio investment in government bonds.Decision likely to be implemented via an ordinance amending Income Tax rules.Foreign investors currently pay 12.5% long term capital gains tax on listed shares and bonds held for more than 12 months.They also pay 20% withholding tax on…
Meta accuses Australia of breaching FTA, invokes US ’trade action’ Source link
The Fixed Range Volume Profile Indicator MT4 helps solve this problem by showing where the market spent the most trading activity within a selected price range. Instead of guessing support and resistance zones, traders can see areas where large orders likely existed. This type of information helps identify high-probability trading zones, stronger support and resistance levels, and potential breakout areas. Understanding how this indicator works can add a valuable layer of confirmation to any trading strategy. What the Fixed Range Volume Profile Indicator MT4 Shows The Fixed Range Volume Profile Indicator MT4 is a technical analysis tool that displays trading…
ABC news in the US:The House adopted a resolution to rein in President Donald Trump’s Iran war powers for the first timevote of 215-208 the resolution is symbolic in nature This article was written by Eamonn Sheridan at investinglive.com. Source link
USD/CAD pushes above its upper Keltner Channel. Will momentum extend the breakout, or will overextension trigger a pullback? Source link
Broadcom (AVGO), the $2 trillion semiconductor powerhouse, shed weight afterhours on Wednesday after delivering a solid earnings report that bested Wall Street Consensus. In a similar fashion, cybersecurity major CrowdStrike (CRWD) lost more than 9% despite reporting above the top and bottom line analyst projection.Broadcom stock sold off more than 5% despite reporting revenue growth of 48% YoY in its fiscal second quarter. The connectivity and infrastructure software firm reported adjusted earnings per share (EPS) of $2.44, $0.04 ahead of consensus, on $22.19 billion in revenue, $70 million above consensus. Those beats appear to have been too slim for investors.…
Have a look at the chart of Sandisk.This company was once a sleepy maker of solid-state drives, memory cards and flash drives. You’re likely to have an old stick drive in a cupboard somewhere or one of their insertable memory chips in an old phone or digital camera.At this time last year, it was trading at $38 per share after a spinoff from Western Digital. That gave it a market cap of $7.3 billion.Jump ahead to today and that’s jumped to $265 billion on an incredible scramble to buy memory. In the first quarter, the earnings per share were $23.41…